Sunday, April 17, 2011

Week 3 rundown

Activity 03/27 04/0304/10
Intl Biz Strat 8.410.711.9
Mktg Strat 4.813.912.8
HR Mgmt 11.86.613.7
* Note that 3 hours each week is spent in class

Another week down; another set of hours. I was expecting the time I spent on class to scale back some this week, but that obviously didn't happen. I still managed to be more productive on other fronts, but that largely came at the expense of sleep.

Things were slow in Intl Biz Strat this week. We covered global supply chain strategy, mainly focusing on two dimensions: where should you locate your supply sources and what should the level of ownership be (arm's-length contract versus ownership). My team settled on a topic for our class project, so I started doing a bit of research on that. I didn't put too much time into it though because I didn't want to dive too deep (spending a lot of time on it) until I know what part of the paper I'll be responsible for. That way I know I'm getting the best "bang for the buck" on the research time I put in.

The Marketing Strategy workload continues to be driven primarily by the MarkStrat simulation. This last week, we had to determine our decisions for the next round of the simulation and write up a marketing plan to describe our overall strategy in the simulation. Both are due tonight at 11:30. It seems like MarkStrat is going to be a big part of my quarter and probably a more memorable part of grad school overall. When I mentioned it on Twitter last weekend,  a lot of alums chimed in with their MarkStrat experiences.

In Human Resources Management we covered the "Bang for the Buck" principle, which is based on marginal productivity (that's where the differentials came in), for determining who to hire, signaling,  and when it makes sense to raid another firm for talent. I may have said this already, but this class has been the biggest surprise of the past 2 years. I was completely expecting it to go one way, and it has since gone in the exact opposite direction. The HW, which is made up of problem sets and cases, continues to be pretty straightforward, but the cases are still time consuming. Unlike most of my past classes, we have to turn in written responses to the discussion questions for all of the assigned cases. The case questions go toward our participation grade, so they aren't really graded, but it still provides enough incentive to do the cases every week because participation is a sizable portion of the overall course grade.

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